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New Retail Space in Multi-Use Property
New
For Lease
$10 SF/Yr

823 Eastern Avenue, Schenectady, NY 12308

Commercial Lease, Schenectady, NY

Space SizeContact for details
Lot Size0.21 Acres
Days on Market4

Property Features for 823 Eastern Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Property condition Under Construction
Zoning Commercial
Parking features Off Street, On Street
High school Schenectady
Elementary school district Schenectady
Middle school district Schenectady
High school district Schenectady
Directions In Schenectady from McClullen, take Eastern Avenue towards Downtown. Building is on your right. From Nott Terrace take Eastern Avenue up the hill away from Downtown. Building is on the left.
Standard status Active
Size 900 SF
Lot size 0.21 Acres

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 2020
Floors in Building 2
Building materials Frame
Roof type Rubber, Asphalt
Listing Agency: Armida Rose Realty Group
Listed By: Anthony Durante · License #10401327706
Added: Aug 19 Last Checked: Aug 22 at 11:06AM
MLS# 202624374

Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 900-square-foot commercial suite is part of a 2020 multi-use property with new construction underway. The space is delivered as a vanilla shell and is suitable for retail or office occupancy. Two separate spaces are available, and they cannot be combined. Tenant responsibilities include utilities and fit-out work.

The property is positioned along the developing Eastern Avenue corridor and includes 30 residential apartments within the multi-use project. Building systems include forced-air heating with natural gas and central air conditioning. Public water and public sewer serve the property, with both off-street and on-street parking available.

Key Highlights

  • 900 SF retail or office space
  • Two separate spaces available; spaces cannot be combined
  • Vanilla‑shell delivery with tenant fit‑out responsibility

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Skin Care Clinic Acupuncture (Bike/Boat/Book/etc) Store Catering Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,141
Businesses Nearby

Demographics for 12308, NY

15,285
Population
6,442
Households
2.4
Avg Household Size
31
Median Age
29%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
6,646
Density / Sq Mi
$59,789
Median Household Income
$35,966
Median Earnings
$1,159
Median Rent
$180,100
Median Home Value

Market

Lease Benchmarks for Schenectady, NY

$13.51 /SF/Yr
Avg Asking Price
$1.79–$35 /SF/Yr
Price Range
18,370 SF
Avg Space Size

This space is priced 26% below the average of $13.51 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Retail space - Vanilla-shell commercial space supports retail or office occupancy along the Eastern Avenue corridor.
Where is this retail space located?
The property is located at 823 Eastern Avenue Schenectady, NY.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: 900 SF retail or office space; Two separate spaces available; spaces cannot be combined; Vanilla‑shell delivery with tenant fit‑out responsibility
More about this property
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